Search results
- DictionaryLease/lēs/
noun
- 1. a contract by which one party conveys land, property, services, etc. to another for a specified time, usually in return for a periodic payment: "a six-month lease on a shop"
verb
- 1. grant (property) on lease; let: "she leased the site to a local company"
The meaning of LEASE is a contract by which one conveys real estate, equipment, or facilities for a specified term and for a specified rent; also : the act of such conveyance or the term for which it is made.
Apr 9, 2022 · A lease is a legal, binding contract outlining the terms under which one party agrees to rent property owned by another party. It guarantees the tenant or lessee use of the property...
May 31, 2022 · Definition. A lease is a contract between two parties that outlines the terms for renting a property. Learn how a lease works and how it will impact your finances.
Dec 21, 2015 · A lease agreement is an arrangement, made between two parties, that allows one of those parties to use an asset belonging to the owner. Typically, lease agreements are used for rental properties, but they are also used for rentals of vehicles, household appliances, construction equipment, and other items.
a contract renting land, buildings, etc., to another; a contract or instrument conveying property to another for a specified period or for a period determinable at the will of either lessor or lessee in consideration of rent or other compensation. the property leased. a five-year lease.
A lease is an implied or written agreement specifying the conditions under which a lessor accepts to let out a property to be used by a lessee. The agreement promises the lessee use of the property for an agreed length of time while the owner is assured consistent payment over the agreed period.
LEASE definition: 1. to make a legal agreement by which money is paid in order to use land, a building, a vehicle, or…. Learn more.
The act of providing a contract to another party allowing them to use a property for a certain amount of time and for a set amount of rent. The state of having control over a property on the basis of a contract that specifies terms and conditions of use and payment.
noun. /liːs/ Idioms. a legal agreement that allows you to use a building, a piece of equipment or some land for a period of time, usually in return for rent. to take out a lease on a house. The lease expires/runs out next year. Under the terms of the lease, you have to pay maintenance charges. Wordfinder. Collocations Moving house. Extra Examples.
To lease something is to borrow it in exchange for money. If you lease a car from a dealer, for example, you make payments and you get to drive the car, but at the end of the contract you have to give it back.
